A MARK, A YEN, A BUCK, OR A POUND

An array of financial services offer transit authorities new opportunities for generating funds. California dedicates a portion of its state sales tax for transit; in other cases subsidy comes from designated general fund revenues. Employer-subsidized transit is encouraged when such contributions are tax deductible. Some local government entities can levy their own mass transit taxes. A new mechanism is safe harbor leasing which now finds financial consultants as a liaison between public transit and private corporations looking for tax benefits. This tax benefit transfer (TBT) can be an expeditious means for a transit authority to get the most cash for its benefits. Investment bankers are also leading transit systems into the bond market.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/100980083
• Corporate Authors:

  Bobit Publishing Company

  2500 Artesia Boulevard
  Redondo Beach, CA  United States  90278
• Authors:
  • GENTILE, J
• Publication Date: 1984-3

Media Info

• Pagination: 4 p.
• Serial:
  • Metro
  • Volume: 80
  • Issue Number: 2
  • Publisher: Bobit Publishing Company
  • ISSN: 10098-0083

Subject/Index Terms

• TRT Terms: Bonds; Employers; Financing; Leasing; Private enterprise; Sales tax; Subsidies; Taxation
• Subject Areas: Administration and Management; Finance; Highways; Planning and Forecasting; Public Transportation; I10: Economics and Administration;

Filing Info

• Accession Number: 00386377
• Record Type: Publication
• Files: TRIS
• Created Date: Jun 28 1984 12:00AM